All Sporting Goods Intelligence articles in Volume 26, Issue 37-38 – Page 3
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Article
Descente grows mostly in Asia
The Japanese company, which bought the British Inov-8 brand last August, reported nearly flat sales of 27.2 billion yen (€205.3m-$220.8m) in its domestic market for the first six months of its financial year, ended Sept. 30. Descente's sales rose by 26.6 percent in the rest of Asia to ¥37.7 billion ...
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News briefs
Selfridges Group is taking over Arnotts, an iconic department store...
Selfridges Group is taking over Arnotts, an iconic department store in one of Dublin's busiest shopping streets. Selfridges bought it at an undisclosed price from Fitzwilliam Finance Partners, the private equity firm of an Irish businessman, Noel Smyth, after a battle for ownership. Selfridges already owns another Irish retailer, the ...
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News briefs
As planned, Kevin Plank, Under Armour (UA)'s chairman and chief...
As planned, Kevin Plank, Under Armour (UA)'s chairman and chief executive, has entered into a pre-arranged stock trading plan to sell up to 1,125,000 shares of UA's class B common stock that he personally owns and up to 125,000 shares of the class B stock held by his charitable trust. ...
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Article
New products and brand architecture for Gore
W.L. Gore will rearrange its various labels, starting with new clothing items being introduced by manufacturers for the autumn/winter 2016/17 season, in connection with the launch of three new products, Gore Thermium, Gore Windstopper with Insulation and Gore Windstopper for Light Rain Resistance. In the previous issue of SGI Europe, ...
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News briefs
Columbia Sportswear has launched a pilot of the ReThreads apparel...
Columbia Sportswear has launched a pilot of the ReThreads apparel and footwear recycling program, a special initiative designed to simplify post-consumer recycling, in partnership with I:CO. Columbia is installing collection bins at its stores in which customers can drop off their used clothing and shoes for recycling. The pilot was ...
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News briefs
People for the Ethical Treatment of Animals (Peta), the international...
People for the Ethical Treatment of Animals (Peta), the international animal welfare organization, attacked Textile Exchange a few weeks ago for keeping Ovis 21 on its steering committee for the development of a Responsible Wool Standard (RWS), which is scheduled to be finalized by next May. Peta was referring to ...
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News briefs
The sports & leisure segment of Uvex Winter Holding, which...
The sports & leisure segment of Uvex Winter Holding, which produces eyewear and helmets under the Uvex and Alpina brands, raised its sales by 6 percent in the financial year ended June 30, reaching a level of €117.2 million, accounting for 29 percent of the group's total turnover. Weak sales ...
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Article
Alpargatas sells Rainha and Topper
Alpargatas announced the sale of the Rainha and Topper brands of sports shoes in Brazil as well as a 20 percent stake in Topper Argentina, the parent company of Topper. The buyer of these assets is the Sforza group, which is owned by Carlos Wizard Martins, a Brazilian entrepreneur who ...
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Short stops
Klintrade has been appointed as the main agent in Finland...
Klintrade has been appointed as the main agent in Finland for Glenmuir and Sunderland of Scotland
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News briefs
A German private-sector watchdog, the Centre for Protection against Unfair...
A German private-sector watchdog, the Centre for Protection against Unfair Competition, has filed a suit in a regional court in Berlin against Zalando, accusing the e-tailer of false advertising. The suit alleges that Zalando had made customers believe that they had to act to buy certain clothing items on its ...
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News briefs
After sitting for a few months on its board of...
After sitting for a few months on its board of directors, Tom Zelenovic has become the new chief executive of Bowtech, the American manufacturer of archery equipment. He previously acted as CEO of Gold Tip, a supplier of archery-related arrows, bolts, components and clothing. At Bowtech, Zelenovic takes the place ...
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Article
Buoyant quarter at Adidas, cuts in golf business
The Adidas Group enjoyed an impressive sales increase for the third quarter, which encouraged the company to raise its guidance for the full year. Sales jumped by 17.7 percent to €4,758 million, amounting to a rise of 13 percent in constant currencies, with ample sales and profit gains in Western ...
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Article
Hainer says Adidas is untarnished by football scandals
While savoring the company's performance for the third quarter, the Adidas Group's chief executive, Herbert Hainer, had to brave questions about the turbulence at Fifa and the German football federation (DFB), which are both Adidas partners.Hainer said in a conference call that the uptick in Adidas' sales indicated that consumers ...
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News briefs
Adidas is offering design resources and financial assistance to high...
Adidas is offering design resources and financial assistance to high schools in the U.S. that want to change their mascot names and identities, to move away from mascots with “potentially harmful” Native American imagery or symbolism. Aligned with the Adidas Group's “open source” strategy, the voluntary initiative was announced in ...
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News briefs
Mountain Hardwear has appointed Steve Adams and Eric Betz as...
Mountain Hardwear has appointed Steve Adams and Eric Betz as product line managers for outerwear and equipment, respectively. Adams was most recently senior product manager for winter sports at Quiksilver. Betz acted as outerwear product developer at Marmot, and then as merchandise manager at Any Mountain and Vail Resorts for ...
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News briefs
Authentic Brands Group, which recently acquired the Tretorn brand from...
Authentic Brands Group, which recently acquired the Tretorn brand from Puma, has appointed Marc Fisher Footwear as its footwear licensee. For Authentic Brands, which is more specialized in apparel, the deal indicates that the Tretorn brand will move more into the luxury market, especially in footwear.
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Article
Sneaker trends and key accounts lift Adidas’ sales in Europe
As detailed above, the strong performance of the Adidas Group in the third quarter was lifted by a 20.1 percent jump in the sales of the Adidas and Reebok brands in Western Europe. Their turnover in the region reached €1,404 million, up by 18.0 percent in local currencies. The management ...
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News briefs
According to The Daily Mail, Sports Direct is one of...
According to The Daily Mail, Sports Direct is one of several British retailers that are facing the risk of an investigation by the Competition and Markets Authority (CMA) of the U.K. over allegations that they blocked negative reviews on their websites, cherry-picking instead positive comments made by customers. The reports ...
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Article
Puma is still upbeat about its turnaround
Puma has yet to fully hit its stride in Europe, but the brand raised sales and profit in line with expectations for the third quarter ended Sept. 30. It has also been gaining strong exposure through endorsees from Usain Bolt to Rihanna.Puma's sales were up by 8.4 percent to €914.4 ...
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News briefs
The Brazilian sporting goods market increased by 6.7 percent to...
The Brazilian sporting goods market increased by 6.7 percent to 15.1 billion reais (€3,693.7m-$3,974.6m) in 2014, according to a local market research company, Iemi, which studies mainly the footwear and apparel segments. The growth is expected to soften to 2.5 percent this year. About one-third of the turnover is being ...
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